KeyCorp at BancAnalysts Association Of Boston Conference Transcript - Thomson StreetEvents

KeyCorp at BancAnalysts Association Of Boston Conference Transcript

KeyCorp at BancAnalysts Association Of Boston Conference Transcript - Thomson StreetEvents
KeyCorp at BancAnalysts Association Of Boston Conference Transcript
Published Nov 02, 2023
11 pages (7530 words) — Published Nov 02, 2023
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About This Report

  
Abstract:

Edited Transcript of KEY.N presentation 2-Nov-23 5:30pm GMT

  
Brief Excerpt:

...Good afternoon. I think we'll move forward. Our next up today is KeyCorp, KEY assets at the end of the third quarter, $188 billion market cap, $9.6 billion and on the way higher today as I speak. Key operates a relationship-focused consumer model with 984 branches in 15 states as well as a national digital bank. The commercial business model is unique relative to peers in terms of having a differentiated and comprehensive platform with expertise in several targeted verticals. Earnings last quarter, $0.29 beat expectations. And the one data point that stood out to me was a 50-basis-point increase in CET1 capital to 9.8%. And with us today, we have 3 individuals on my left, Clark Khayat, Clark serves as CFO. Prior to this role, Clark was EVP and Chief Strategy Officer for Key, responsible for corporate strategy, M&A and strategic investments. Angela Mago has been with Key for 35 years and today is the President of Key Commercial Bank and Real Estate Capital. In her current role, Angela is...

  
Report Type:

Transcript

Source:
Thomson StreetEvents
Company:
KeyCorp
Ticker
KEY.N
Time
5:30pm GMT
Format:
PDF Adobe Acrobat
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The following is excerpted from the question-and-answer section of the transcript.

(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)

Question: Erika Najarian - UBS Investment Bank, Research Division - Analyst : Erika Najarian UBS. I have a question and a related follow-up. So I want to reask the question the I ask on your conference call. So it's pretty clear to a lot of investors with the NII tailwind looks like for 2024. And I think the big debate about the stock continues to be your adjusted regulatory capital ratios. And on one hand, it makes your PE super vulnerable to moves in interest rates. Like you're seeing today, it's a good day for in KeyCorp, in other days when the 10-year was selling off was a bad day for KeyCorp. So as you think about that vagary and as you think about 2024, how do you balance more RWA mitigation that may not impact clients, but clearly, with credit-linked notes could impact NII and sort of getting to the capital solution a little bit more quickly, the capital build more quickly versus protecting that NII trajectory. Like walk us through sort of the tension in terms of that decision as you think about '24.

Question: Erika Najarian - UBS Investment Bank, Research Division - Analyst : And just a quick follow-up question, and this might be a stupid question. Could you help us think about, is there any incremental capital impact once you're the commercial real estate assets that you're servicing go from regular servicing to special servicing?

Table Of Contents

KeyCorp Q2 2024 Earnings Call Summary – 2024-07-18 – US$ 54.00 – Edited Brief of KEY.N earnings conference call or presentation 18-Jul-24 1:00pm GMT

KeyCorp Q2 2024 Earnings Call Transcript – 2024-07-18 – US$ 54.00 – Edited Transcript of KEY.N earnings conference call or presentation 18-Jul-24 1:00pm GMT

KeyCorp at Morgan Stanley US Financials, Payments & CRE Conference Transcript – 2024-06-11 – US$ 54.00 – Edited Transcript of KEY.N presentation 11-Jun-24 7:15pm GMT

KeyCorp at Sanford C Bernstein Strategic Decisions Conference Transcript – 2024-05-29 – US$ 54.00 – Edited Transcript of KEY.N presentation 29-May-24 8:30pm GMT

KeyCorp at BancAnalysts Association Of Boston Conference Summary – 2023-11-02 – US$ 54.00 – Edited Brief of KEY.N presentation 2-Nov-23 5:30pm GMT

KeyCorp Q3 2023 Earnings Call Summary – 2023-10-19 – US$ 54.00 – Edited Brief of KEY.N earnings conference call or presentation 19-Oct-23 2:00pm GMT

KeyCorp Q3 2023 Earnings Call Transcript – 2023-10-19 – US$ 54.00 – Edited Transcript of KEY.N earnings conference call or presentation 19-Oct-23 2:00pm GMT

KeyCorp at Barclays Global Financial Services Conference Summary – 2023-09-12 – US$ 54.00 – Edited Brief of KEY.N presentation 12-Sep-23 6:00pm GMT

KeyCorp at Barclays Global Financial Services Conference Transcript – 2023-09-12 – US$ 54.00 – Edited Transcript of KEY.N presentation 12-Sep-23 6:00pm GMT

KeyCorp Q2 2023 Earnings Call Summary – 2023-07-20 – US$ 54.00 – Edited Brief of KEY.N earnings conference call or presentation 20-Jul-23 2:00pm GMT

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MLA:
Thomson StreetEvents. "KeyCorp at BancAnalysts Association Of Boston Conference Transcript" Nov 02, 2023. Alacra Store. May 03, 2025. <http://www.alacrastore.com/thomson-streetevents-transcripts/KeyCorp-at-BancAnalysts-Association-Of-Boston-Conference-T15782268>
  
APA:
Thomson StreetEvents. (2023). KeyCorp at BancAnalysts Association Of Boston Conference Transcript Nov 02, 2023. New York, NY: Alacra Store. Retrieved May 03, 2025 from <http://www.alacrastore.com/thomson-streetevents-transcripts/KeyCorp-at-BancAnalysts-Association-Of-Boston-Conference-T15782268>
  
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